Black Market Dollar To Naira Exchange Rate Today 7 January 2022

The latest news on the US Dollar to Naira exchange rate today, 7 January 2022, black market Dollar to Naira exchange rate today has been obtained.

Brand News Day Nigeria has obtained the official dollar to the naira exchange rate today in Nigeria, including the Black Market rate, Bureau De Change (BDC) rate, and the CBN exchange rate today.

Black market dollar to naira exchange rate today 7 January 2022 can be accessed below.

IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦567 and the price can change (high or low) within hours.

Brand News Day Nigeria has obtained the official dollar to the naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

January 7 dollar to naira official market exchange rate: $1 dollar to naira =₦417.25

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦417.25 per dollar on Thursday, 6 January 2022, after it closed at ₦416.00 per $1 on Wednesday, 5 January 2022. This represents a change of -1.49%.

How much is exchange rate of Dollar to Naira in Black Market today?

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

LAGOS PARALLEL MARKET RATES January 7, 2022 (BLACK MARKET): dollar to naira exchange rate today black market

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N567.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 6 January 2022, in Lagos Nigeria, after it closed N565.00 per $1 on Wednesday, 5 January 2022.

Even though the dollar to naira opened in the parallel market at ₦567 per $1 today, BrandNewsDay reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

Brand News Day Nigeria reports that at the black market, the players buy a dollar for N562 and sell for N567 on Thursday morning, January 7, 2022, after they bought N555 and sold for N565 on Wednesday morning, January 5.

Meanwhile, BrandNewsDay reports that the USD started this week at ₦560 in Parallel Market also known as Black Market on Monday, January 3, 2022, in Lagos Nigeria, after it opened at ₦555 last week Monday, December 27, 2021.